This from about two weeks ago:
A new year note from MS reiterates the call:
- Investors expecting a rate cut in March may be disappointed.
- Six-month core consumer price inflation is likely to increase in the first quarter, prompting the Fed to watch and wait.
- Unless there is an unexpectedly sharp economic downturn or weakening in the labor market, rate cuts are more likely to begin in June.
This article was written by Eamonn Sheridan at www.forexlive.com. Source